Investing.com-- Bitcoin rose to a fresh all‑time high near $112,000 on Wednesday, buoyed by a wave of institutional demand and broadening risk appetite, though some profit‑taking and concerns over new U.S. tariffs trimmed gains later in the day.
The world’s largest cryptocurrency rose to $111,988.20, its highest level ever. It was trading 2.2% higher at $111,303.5 as of 19:42 ET (00:42 GMT).
The milestone comes amid growing allocations from institutional investors, including entities moving bitcoin into treasury portfolios and ETFs overseen by major asset managers.
Corporate treasuries continue to accumulate Bitcoin aggressively. Strategy Inc (NASDAQ: MSTR ) remains the most visible, but newer entrants, such as GameStop Corp (NYSE: GME ), have joined the ranks, announcing board‑approved Bitcoin purchases this spring.
Trump Media & Technology Group Corp (NASDAQ: DJT ) filed with the U.S. Securities and Exchange Commission on Tuesday seeking approval to launch a new "Crypto Blue Chip ETF" later this year. The company last month filed for two ETFs.
These structural tailwinds, including ETF inflows, corporate treasury expansion, and supportive U.S. policy, have sharpened Bitcoin’s appeal as an institutional-grade asset.
Meanwhile, market participants weighed trade concerns ahead of an August 1 U.S. tariff deadline.
Looking ahead, investors are also focused on “Crypto Week” starting July 14, when U.S. lawmakers in Washington are expected to push forward at least three major bills aimed at regulating digital assets.